INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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N212 FUEL PRICE,AN INVITATION FOR MASS PROTEST,PDP CAUTIONS,INSISTS FUEL SHOULDN'T SELL ABOVE N70.{PHOTOS}.#PRESS RELEASE.

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March 12, 2021
Press Statement
N212 Fuel Price, An Invitation For Mass Protest, PDP Cautions...Insists Fuel Shouldn’t Sell Above N70
The Peoples Democratic Party (PDP) cautions that any increase of pump price of fuel to N212 per liter by the Buhari-led All Progressives Congress (APC) administration would amount to a direct invitation for mass protest in the country.
The PDP says any contemplation for N212 pump price would be pushing Nigerians to the wall; a situation that is capable of worsening an already tensed situation and lead to economic and social crisis in the country.
Our party holds that the N212 per liter reportedly contemplated in the March pricing template by the APC administration, is wicked, insensitive, and callous.
It is a barefaced fact that there is no way that Nigerians can survive such hike in fuel price, which will worsen the already agonizing economic situation in the country.
Our party maintains that with an honest and transparent administration of our national production capacity and potentialities, domestic price of fuel should not exceed N70 per liter.
The continuous unjustified increase in the price of fuel is a deliberate scheme by the APC, through which their leaders fleece Nigerians of billions of naira on daily basis.

Nigerians have endured enough under the suppressive, corrupt, insensitive and incompetent APC administration and it is our concern that any further increase in fuel price may become the last straw that might break the camel’s back as already cautioned by our party last month.
Our party had cautioned that with over 100 million citizens living in abject poverty, with an alarming 23% unemployment rate and many more living below N500 a day, any increase in fuel price is capable of triggering a mass protest in the land.
This is particularly as the APC and its government have been unable to account for the over N15 trillion allegedly stolen by APC leaders.
The PDP therefore charges the APC and its administration to save the nation the trouble by ending every contemplation of fuel price increase, particularly at this time Nigerians are expecting a downward review in prices.
Furthermore, our party calls on all patriotic Nigerians to remain calm but very alert in readiness, within the ambit of our laws and opportunities granted under our democracy, to stand up for, rescue and defend our national patrimony and collective wealth.
Signed:
Kola Ologbondiyan
National Publicity Secretary
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